HDFC sells further 4.22% stake in Gruh for Rs 899 crore

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HDFC sells further 4.22% stake in Gruh Finance for Rs 899 crore. Mortgage lender HDFC Friday said it has sold over 4.22 per cent stake in subsidiary Gruh Finance Ltd (Gruh), which is proposed to be amalgamated with Bandhan Bank for Rs 899.43 crore.

HDFC sells further 4.22% stake in Gruh for Rs 899 crore – The corporation is a shareholder of Gruh is entitled to 14.96% stake post-amalgamation, based on the share exchange ratio

HDFC sells further 4.22% stake in Gruh for Rs 899 crore. The sale of 3,10,00,000 equity shares representing 4.22 of the issued and paid-up share capital of Gruh was carried out through stock exchanges at the prevailing market price, HDFC said in a regulatory filing.

NEW DELHI: Mortgage lender HDFC Friday said it has sold over 4.22% stake in subsidiary Gruh Finance Ltd (Gruh), which is proposed to be amalgamated with Bandhan Bank for 899.43 crore. The sale.

Read more about HDFC says it has sold 4.22% stake in Gruh finance for Rs 899 crore on Business Standard. Gruh is engaged in the business of providing home loans and is registered with the National Housing Bank as a housing finance company

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Further 4.22% Stake Sold By HDFC In Gruh Finance June 15, 2019 at 10:03 AM EquityPandit HDFC in a regulatory filing said that the sale of 3.1 crore shares of Gruh was carried out through stock exchanges at the prevailing market price.

HDFC sells further 4.22% stake in Gruh Finance for Rs 899 crore The sale of 3,10,00,000 equity shares representing 4.22 of the issued and paid-up share capital of Gruh was carried out through stock exchanges at the prevailing market price, HDFC said in a regulatory filing.

In May, HDFC sold 6.1 percent stake in Gruh Finance for Rs 1,327.89 crore to meet the RBI directive. "In view of this, the corporation is required to sell such number of shares in Gruh so as to be entitled to 9.9 percent of the post amalgamation paid-up capital of Bandhan.

Mortgage lender HDFC on Friday said it has sold over 4.22 per cent stake in subsidiary Gruh Finance Ltd (Gruh), which is proposed to be amalgamated with Bandhan Bank for Rs 899.43 crore. The sale.